by Hospital surgical disinfectants are solutions and wipes used to disinfect surgical equipment and surfaces in hospitals and clinics. They help sterilize critical and semi-critical instruments to prevent the transmission of potentially deadly infections and diseases.
The global hospital surgical disinfectants market is estimated to be valued at US$ 2.5 billion in 2023 and is expected to exhibit a CAGR of 17% over the forecast period 2023-2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increasing concerns regarding hospital-acquired infections (HAIs) have been a key driver propelling the demand for hospital surgical disinfectants. HAIs refer to infections patients acquire during the course of treatment for medical or surgical conditions. They occur both in hospital and healthcare settings. Various studies have estimated over 5% of patients in developed countries and 15-20% in developing countries acquiring at least one HAI during hospitalization. Additionally, HAIs have been associated with increased healthcare costs, delays in treatment, and drug resistance. The growing awareness regarding avoiding HAIs has pushed the adoption of hospital surgical disinfectants amongst various healthcare facilities to ensure proper disinfection of surfaces and instruments coming in contact with patients. This is expected to further bolster the hospital surgical disinfectants market growth over the forecast period.
SWOT Analysis
Strength: Hospital surgical disinfectants helps prevent healthcare associated infections by destroying pathogenic microorganisms. They are important for maintaining sterility during surgical procedures.
Weakness: Some disinfectants contain harmful chemicals that can adversely impact health if proper precautions are not followed during use. Stringent regulations also increase production costs.
Opportunity: Growing geriatric population and increasing number of surgeries present an opportunity for market growth. Rising awareness about importance of sterilization further supports demand.
Threats: Alternative sterilization methods and technologies pose a threat to traditional disinfectants. Intense competition prompts manufacturers to frequently invest in R&D to develop innovative products.
Key Takeaways
Global Hospital Surgical Disinfectants Market Demand is expected to witness high growth.
Regional analysis – North America accounts for the largest share primarily due to growing healthcare expenditure and rising incidence of hospital-acquired infections. Asia Pacific is likely to exhibit fastest growth due to improving healthcare infrastructure and increasing access to medical facilities especially in China and India.
Key players operating in the hospital surgical disinfectants market are 3M, Reckitt Benckiser Group plc, STERIS, ABC Compounding, American Biotech Labs, Becton, Dickinson and Company. Players focus on launching innovative product ranges and acquiring regional companies to strengthen market position and expand geographic footprint.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
